POPULAR, INC. (BPOP) EVP reports Form 4 tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. Executive Vice President Eduardo J. Negron reported a Form 4 transaction involving a tax-related share disposition rather than an open-market trade. On the reported date, 3,014 shares of common stock were delivered at $164.18 per share to satisfy tax obligations. After this withholding event, he directly held 38,442.335 common shares. A footnote adds that this total includes 208.946 shares acquired through dividend reinvestment under an exemption from Section 16.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NEGRON EDUARDO J.
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock Par Value $0.01 per share | 3,014 | $164.18 | $495K |
Holdings After Transaction:
Common Stock Par Value $0.01 per share — 38,442.335 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withholding shares disposed: 3,014 shares
Transaction price per share: $164.18 per share
Shares held after transaction: 38,442.335 shares
+1 more
4 metrics
Tax-withholding shares disposed
3,014 shares
Common stock delivered to satisfy tax liability
Transaction price per share
$164.18 per share
Value applied in tax-withholding disposition
Shares held after transaction
38,442.335 shares
Direct common stock holdings following Form 4 event
Dividend reinvestment shares
208.946 shares
Portion of holdings from dividend reinvestment under Rule 16a-11
Key Terms
Form 4, tax-withholding disposition, Section 16, Rule 16a-11
4 terms
Form 4 regulatory
"Executive Vice President Eduardo J. Negron reported a Form 4 transaction"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
tax-withholding disposition financial
"described as a tax-withholding disposition of 3,014 shares at $164.18"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Section 16 regulatory
"transactions exempt from Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-11 regulatory
"exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder"
FAQ
What insider transaction did POPULAR, INC. (BPOP) report for Eduardo J. Negron?
POPULAR, INC. reported that Executive Vice President Eduardo J. Negron had 3,014 common shares disposed of to cover tax obligations. The transaction was reported on Form 4 as a tax-withholding disposition, not an open-market purchase or sale of BPOP stock.
Was Eduardo J. Negron’s BPOP stock transaction a sale on the open market?
No, the filing describes the transaction as a tax-withholding disposition of 3,014 shares at $164.18 per share. Shares were delivered to satisfy tax liability, so this event does not represent a discretionary open-market sale decision by the executive.